If only it were that easy. For many years the dairy industry has struggled with an imbalanced market- more production than domestic consumption- and generally that was a world-wide dilemma. Because milk in fluid form is highly perishable, different then corn or soy that can be stored for years, it has to be manufactured into a more stable product. Cheese, butter and powders gave a much longer shelf-life, and were put into storage by the ton.
The monthly dairy outlook with Mark Stephenson and Bob Cropp is available here.
The May 10 World Agricultural Supply and Demand Estimate report has milk production for 2020 forecast higher than 2019. Dairy herds are expected to begin to expand as producers respond to higher milk prices and lower feed costs. Milk per cow is expected to continue increasing, and the forecast also reflects the one extra day due to leap year.
The monthly dairy outlook with Mark Stephenson and Bob Cropp is available Here
For 2019, The March 8 World Agricultural Supply and Demand Estimates lowered the milk production forecast on smaller expected dairy cow numbers.
February report with Bob Cropp and Mark Stephenson can be seen here
Milk production in Iowa during December 2018 totaled 441 million pounds, down fractionally from the previous December according to the latest USDA, National Agricultural Statistics Service – Milk Production report. The
average number of milk cows during December, at 220,000 head, was unchanged from last month and last year. Monthly production per cow averaged 2,005 pounds, down 5 pounds from last December.
The December Outlook can be seen here